Uk businesses brexit

As part of his recent visit to Vietnam, Mark Field, Minister of State for Asia and the Pacific at the Foreign & Commonwealth Office, discussed how the UK and Vietnam can boost business ties despite the UK’s upcoming split from the European Union. Mark Field, Minister of State for Asia and the Pacific at the Foreign & Commonwealth Office This is my third visit to Vietnam over the past 12 months, which involved meetings with the Vietnamese government as part of both country’s joint strategic partnership. First of all, I would like to say that our bilateral relations continue to go from strength to strength, despite hysteria over the UK leaving the European Union (Brexit). Last year, our bilateral trade increased by 11 per cent to reach $6 billion. We are very keen to see the EU–Vietnam Free Trade Agreement (EVFTA) take effect, as we played the leading role in the deal. Ultimately, we also hope to see a similar trade agreement between our two countries, … [Read more...] about Brighter prospects for Vietnam UK ties following Brexit

LONDON — Britain’s Brexit minister believes a divorce deal with the European Union could be struck by November 21, it emerged Wednesday, prompting EU leaders to warn this would require a breakthrough within days. Brexit Secretary Dominic Raab made the optimistic comment in a letter to the House of Commons Brexit scrutiny committee, dated October 24 but only now made public. "I would be happy to give evidence to the committee when a deal is finalised, and currently expect 21 November to be suitable," he wrote. Both Raab and Oliver Robbins, Prime Minister Theresa May’s chief Brexit advisor, have been invited to address the committee on that date. Foreign Secretary Jeremy Hunt echoed the optimism, telling an event in London: "It’s entirely possible that we could make enough progress by then." However, May’s spokesman was more cautious, repeating only that "we wish to conclude the deal as quickly as possible". Most of the divorce deal with Brussels is … [Read more...] about EU leaders urge progress as UK eyes Brexit deal by Nov 21

Viet Nam News LONDON — Deputy Prime Minister and Foreign Minister Phạm Bình Minh has said that Việt Nam was committed to supporting trade liberalisation and open co-operation with all partners, including the UK. Addressing a Việt Nam-UK business forum in London on Tuesday that drew hundreds of businesses, the official said that since Việt Nam and the UK set up their strategic partnership in 2010, bilateral trade had risen to US$6.1 billion per year. In the first six months of 2018, two-way trade hit $3.12 billion, up 14.2 per cent year on year, he noted. Việt Nam had 344 UK-invested projects with total investment of $3.48 billion in various fields such as finance-banking, production, services, garments and textiles, mining, oil and gas and real estate, making it the 15th biggest out of the 129 foreign countries and territories investing in Việt Nam. At the same time, Vietnamese firms had 13 projects worth $12.47 million in the UK, … [Read more...] about Deputy PM attends Vietnam-UK business forum

Deputy Prime Minister and Foreign Minister Pham Binh Minh (Photo: VNA) London (VNA) – Deputy Prime Minister and Foreign Minister Pham Binh Minh has affirmed that Vietnam commits to supporting trade liberalization and open cooperation with all partners, including the UK, amidst the trend of peace, cooperation and globalization. Addressing a Vietnam-UK business forum in London on October 9 that drew hundreds of businesses, the official said that since Vietnam and the UK set up strategic partnership in 2010, bilateral trade rose to 6.1 billion USD in 2017. In the first six months of 2018, two-way trade hit 3.12 billion USD, up 14.2 percent year on year, he noted. Vietnam is currently hosting 344 UK-invested projects with a total investment of 3.48 billion USD in various fields such as finance-banking, production, service, garment and textile, mining, oil and gas, and real estate, making it the 15th biggest out of the 129 foreign countries and territories investing in Vietnam. … [Read more...] about Deputy PM attends Vietnam-UK business forum in London

Donald Trump told The Sun Theresa May's plan for post-Brexit ties with the EU would "probably kill" the prospects for a trade deal with the US AFP/WILL OLIVER In a series of extraordinary broadsides, Trump told Friday's edition of The Sun that May's plan for post-Brexit ties with the EU would "probably kill" the prospects for a trade deal with the US. Trump also said former foreign minister Boris Johnson, who resigned this week in protest over the plan, would make "a great prime minister". He said London mayor Sadiq Khan, who has allowed protesters to raise a giant diaper-clan balloon mocking the US president next to parliament on Friday, was doing "a terrible job" on crime. The comments will plunge the transatlantic "special relationship" to new lows, making for extremely awkward talks with May when the two meet at her country retreat of Chequers later on Friday. As he began a four-day visit to Britain on Thursday, Trump, a major supporter of Brexit, told The Sun that he had … [Read more...] about Trump blasts May’s Brexit strategy on UK visit

With one year to go until Brexit, there are fears in Dover of long tailbacks for trucks because of additional customs red tape. (Photo: AFP/Daniel Leal-Olivas) With one year to go until Britain's planned exit on Mar 29, 2019, there are fears in this gateway to Europe of long tailbacks because of additional customs red tape. But the mood is mostly defiant in Dover, where 62 per cent voted in favour of leaving the European Union in a 2016 referendum - far higher than the national tally of 52 percent. "It was the right decision to vote to get out," Sofia Cairns, who moved to Britain from Poland 37 years ago, told AFP in one of the southeastern English town's squares. "God established these borders for each country and that's how it should stay," she said. Outside his home, another Brexit supporter, Michael O'Leary, said he was confident that any disruption to the trade traffic that is the town's lifeblood would be only temporary. "I think it's going to gridlock for a while, but all … [Read more...] about In gateway to Europe, Brexit backers eagerly await divorce day

LONDON -- Australia said on Monday it would be open to the idea of Britain joining the Trans-Pacific Partnership regional trade group after it leaves the European Union. But Julie Bishop, visiting Britain as Prime Minister Theresa May tries to unite her cabinet on what they want from Brexit, also said Australia would only be able to strike a bilateral trade deal with Britain if London sticks to its plan to leave the EU’s customs union. “We would of course welcome interest from an economy the size of Britain‘s,” she said in response to a question about Britain joining the TPP after delivering a speech at the Commonwealth Bank of Australia in London’s financial center. British trade minister Liam Fox said earlier this year that joining the Trans-Pacific Partnership was an option for the country after Brexit. The 11 TPP countries - which include Japan, Canada and Mexico as well as Australia - are due to sign their agreement in March. U.S. President Donald … [Read more...] about Australia says open to UK joining Pacific trade group after Brexit

JP Morgan has slashed its estimates of Brexit negotiations failing to reach a conclusion, cutting its probability from 25% to 15% as the UK and EU move towards trade talks. This is in part because Theresa May looks increasingly likely to remain as Prime Minister until at least Brexit day itself next year, JP Morgan analyst Malcolm Barr said. UBS Wealth Management said the progress made on Brexit negotiations will likely have lessened difficulties for businesses. By moving away from a ‘no deal’ scenario, economist Dean Turner believes the risks to economic growth are diminishing, improving the outlook for the UK. … [Read more...] about Global banks confident about post-Brexit deal chance

Receiving Foreign and Commonwealth Office Minister of State for Asia and the Pacific, Mark Field, who is visiting Việt Nam, the Deputy PM said Việt Nam looked forward to working closely with the UK to better use financial aid from the Commonwealth Fund and to being facilitated to get access to the Fund.Speaking highly of the dynamic and effective development of bilateral ties, Field affirmed that the UK Government continued prioritising an improved strategic partnership cooperation between the two sides in all areas in the future.Earlier yesterday, Field and Vietnamese Deputy Minister of Foreign Affairs Bùi Thanh Sơn co-chaired the sixth Việt Nam – UK Strategic Dialogue in Hà Nội, discussing specific orientations and measures to fortify the strategic partnership as the two countries celebrate the 45th anniversary of diplomatic ties (1973-2018).They agreed to increase the exchange of all-level delegations while fruitfully implementing … [Read more...] about VN calls for increased investment from UK

Minh called on the UK Government to encourage British businesses to step up their investment and business in Vietnam, closely coordinate with the Vietnamese side to raise the efficiency of the use of capital sourced from the UK Commonwealth Foundation and create favourable conditions for the country to access the fund. He also suggested the UK Government continue coordination with its Vietnamese counterpart in building a long-term development pathway for the Vietnam-UK Institute for Research and Executive Education and make it easier for the entry and residence of Vietnamese students in the country. For his part, Mark Field highly valued achievements Vietnam has recorded in socio-economic development as well as in international integration in general and trade liberalisation in particular. He affirmed that the UK Government will prioritise deepening the strategic partnership across fields in the time ahead. Earlier the same day, Mark Field and Vietnamese … [Read more...] about Vietnam, UK forge strategic partnership